Mindful Trader Commentary For October 17, 2024


Hey Guys,


The market showed signs of rebounding yesterday and into this morning, but then this morning, the S&P 500 dropped 25 points in the first seven minutes after the opening bell. So there is some volatility and it could take us in either direction.


My stock position for NTES reached its time limit, and essentially my exit price was the stop loss price. That ticker is from the group of positions I have that are for companies based in China. Even though the Chinese stock market had been going like gangbusters to start of this month, these positions have performed quite poorly for me so far.


I took on some new positions today. In the stocks account, I bought positions for JD and HTHT. In the options account, I bought options for WYNN and JD.


I have a number of option positions that reached their time limits today. I'll be manually closing those near the closing bell of the stock market later today unless they reach their profit targets first.


If you have any questions or feedback, I'd love to hear from you.


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